About Victory Transformers & Switchgears Limited
Data last updated: 26 July 2025
Victory Transformers & Switchgears Limited is a public limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It specialises in power equipment manufacturers, a part of the broader energy and power sector. Incorporated on 30 April 2004, the company has been in operation for over 22 years.
Registered with ROC Chennai under CIN U29199TN2004PLC078244.
Capital: an authorised share capital of ₹6 Cr and a paid-up capital of ₹5.9 Cr. It is led by directors including Manoj Vaddineni and Mahendra Kumar Vaddineni.
Last AGM: 28 September 2019. Financial statements filed for year ended 31 March 2019. Office: #850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019.
As per the financials filed for FY 2019, the company reported a revenue of ₹2.43 Cr, a decline of 94% compared to the previous year.
Its group structure includes 3 subsidiaries.
As per MCA filings, the company has open charges of ₹465.05 Cr and satisfied charges of ₹122.5 Cr on record.
The company is currently under liquidation - its assets are being sold to settle outstanding debts. It may lack the legal capacity to fulfil new agreements, and creditors are prioritised in the distribution of proceeds. The last known website on record is victoryelectricals.com.
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Registered Address#850/64B T.H.Road Near Royal Enfield Thiruvotriyur, Chennai, Tamil Nadu, India – 600019
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IndustryEnergy and Power, Power Equipment Manufacturers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
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CIN History of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29199TN2004PLC078244, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29199TN2004PLC078244 | Current |
| U29199AP2004PTC043179 | Previous |
| U29199AP2004PLC043179 | Previous |
Business Activity of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears Limited is engaged in the principal business activity of electricity, gas, steam and air condition supply, with detailed activities including electric power generation, transmission and distribution.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | Locked |
Business activity turnover details for Victory Transformers & Switchgears Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
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Auditor Details of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears Limited is audited by VENUGOPAL & CHENOY for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VENUGOPAL & CHENOY | Locked | Locked | Locked |
Complete auditor history for Victory Transformers & Switchgears Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
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Board of Directors of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears Limited is currently managed by 4 directors, with 5 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Manoj Vaddineni
Also directs:
Phoenix Power Products Limited
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Whole-Time Director | 10 May 2004 | 22 Years 3 Months | As last reported |
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Mahendra Kumar Vaddineni
Also directs:
Phoenix Power Products Limited, Haiya Service Foundation
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Managing Director | 30 Apr 2004 | 22 Years 3 Months | As last reported |
| Venkatappaiah Naidu Vaddineni | Director | 30 Apr 2004 | 22 Years 3 Months | As last reported |
| Manish Chhajed | Director | 01 May 2009 | 17 Years 3 Months | As last reported |
Financials of Victory Transformers & Switchgears Limited FY 2019 filings available
Victory Transformers & Switchgears Limited reported revenue of ₹2.43 Cr (down 94.00% YoY) for FY 2019.
Ten-year financial statements for Victory Transformers & Switchgears Limited
Historical statement values and trend charts require an active report plan.
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Ownership and Shareholding of Victory Transformers & Switchgears Limited
Shareholding and ownership data for Victory Transformers & Switchgears Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
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Group Structure of Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears Limited has 3 subsidiary companies. This group structure data is as of FY 2019. The corporate group structure reflects Victory Transformers & Switchgears Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Hackbridge-Hewittic & Easun Ltd | U27109TN1956PLC000882 | Locked |
| Victory Electricals Limited | U31909TN2000PLC078301 | Locked |
| Phoenix Power Products Limited | U31909TN2003PLC077765 | Locked |
Showing major subsidiaries. Total: 3.
Charges & Borrowings of Victory Transformers & Switchgears Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 15 Jun 2011 | Edelweiss Asset Reconstruction Company Limited | ₹31 Cr | Open |
| 28 Apr 2011 | Ge Capital Services India | ₹12.5 Cr | Open |
| 16 Nov 2009 | State Bank of India | ₹242.12 Cr | Open |
| 23 Mar 2009 | Bank of Baroda | ₹83 Cr | Open |
| 14 Aug 2004 | State Bank of India | ₹5 Cr | Open |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Victory Transformers & Switchgears Limited
View historical data on people associated with Victory Transformers & Switchgears Limited, including employment history and EPFO contributions.
Employee and EPFO history for Victory Transformers & Switchgears Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
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GST Compliance of Victory Transformers & Switchgears Limited
GST registrations and filing compliance for Victory Transformers & Switchgears Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
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Credit Ratings, Litigation & Regulatory Alerts for Victory Transformers & Switchgears Limited
Credit ratings, litigation, and regulatory alerts for Victory Transformers & Switchgears Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
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MSME Payment Delays by Victory Transformers & Switchgears Limited
MSME payment history for Victory Transformers & Switchgears Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
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Subsidiaries & Group Companies of Victory Transformers & Switchgears Limited
Corporate group structure for Victory Transformers & Switchgears Limited
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MCA Filings & Documents of Victory Transformers & Switchgears Limited
MCA filings and documents for Victory Transformers & Switchgears Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
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- Complete filing index
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Recent Activity on Victory Transformers & Switchgears Limited
Frequently Asked Questions about Victory Transformers & Switchgears Limited
Victory Transformers & Switchgears Limited is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Victory Transformers & Switchgears Limited is a company under liquidation, formerly operating as a public limited company in the energy and power sector based in Chennai, Tamil Nadu, India. It was incorporated on 30 April 2004 and is registered under CIN U29199TN2004PLC078244. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Victory Transformers & Switchgears Limited reported revenue of ₹2.43 Cr for FY 2019 (down 94.00% YoY).
The current directors of Victory Transformers & Switchgears Limited are:
- Manoj Vaddineni - Whole-Time Director
- Mahendra Kumar Vaddineni - Managing Director
- Venkatappaiah Naidu Vaddineni - Director
- Manish Chhajed - Director
The CIN (Corporate Identification Number) of Victory Transformers & Switchgears Limited is U29199TN2004PLC078244. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Victory Transformers & Switchgears Limited has open charges of ₹465.05 Cr and satisfied charges of ₹122.5 Cr as per latest MCA filings.